Topic: Blockchain is the Trojan Horse that will push Bankers and Investors finally to Bitcoin! (Read 2527 times)

Bitcoin has some really orthogonal features, and these are getting learned in most such blockchain projects.

Thats good.

I m totally confident that we see the end of private blockchain experiments soon, since all deeper dives always end in DLTs, old shit. At best banks will launch some legacy system upgrade projects but will accept Bitcoin finally.

If inherent features of Bitcoin are not self-selling / disruptive enough to be accepted as a better money, then Bitcoin will fail anyway.

#hv_, Blockchain based technologies will be a very bad Trojan Horse into Bitcoin, if they create a whole new Alt coin or

Blockchain based technology and this gets to be the norm and not Bitcoin. The Banks are taking the best part of Bitcoin and

stripping it of their token and replacing it with their token. If people start using these alternatives, then Bitcoin will become

less popular and eventually be replaced by these technologies. The Banks are using Blockchain technologies as the Trojan

Horse to get rid of Bitcoin. 

Try harder

https://www.we-trade.com/

Too much middlemen!

IBM got first one on the hook:

https://www.youtube.com/watch?v=aR20CI8rzqA&index=4&list=PLfCLHgbIf68mXSY553F-1lzpEmPQ7h3jQ

The Horse-Door is Widely Open Now


https://www.cnbc.com/2018/06/18/ubs-ceo-sergio-ermotti-blockchain-almost-a-must-have-for-business.html

Yep, they will soon bend low for bitcoin to climb on to the top and ride the wheel.
But bankers, those stubborn heads, they only put interest in matters where there is profit. If they get an opportunity to kick bitcoin out of the way, they will really take it.

Listen to the end (or start at 4:00)

Here you go, speaker gets it right - best 'blockchain' investment IS in Bitcoin!

https://www.cnbc.com/video/2017/08/09/why-the-retail-sector-is-pretty-dismal-right-now-pro.html

And 'blockchain' needs incentive to run.

It doesnt matter at all that internet will be shut down in the most of the country on Earth, if there will be at least one full node that is still working.
That one, last node will still contain whole bitcoin stored on the hard disk, all chains, every transaction etc.

Take a look from the other perspective: if Internet will go off, the banking system will not work too, but blockchain will survive thanks to the idea of Satoshi Nakamoto to develop it this way.

In fact, I have no idea what would have to happen to see internet not working at all on our planet, maybe a nuclear war?

The Trick will be to see if you as a investor can spot the real Blockchain technologies from the fake Blockchains. {OneCoin} ..... There are many

scammers out there that are riding the Blockchain hype and selling snake oil. We will see a lot more scams and Shitcoins doing the rounds, until

people recognize Bitcoin as the de facto coin. 

What's bad if we will see blockchain in many task? BitFury actively works on developing and integrating blockchain system and their last project in Georgia was very successful. If something is good, of course it will attract people and there is nothing bad in it.
Someone said here what will happen if internet shut down in this world :S haha it's simply impossible and people can't imagine if this happen.

The shake out will come and all the blockchainers will come back into bitcoin.  Andreas is mostly right and so word mighty

https://youtu.be/SMEOKDVXlUo

 

No; bankers they use blockchain or something related to that only for their purposes. Recently, the LHV the largest independent Estonian bank was experimented using a kind of programmable money worth 100,000 Euros using a private blockchain said CUBER.

There is not just black  OR white in our world. FIAT might always be there and will go born and bust after its usual life cycle.

The Trojan Horse is used here as a metaphor that means blockchain buddies MUST look into bitcoin for deeper understanding of the technology. And so I assume most of those 'brains' will get infected by bitcoin ( + its idea), because that works already and has much more behind than just pegging FIAT or stock onto a closed blockchain.

All those blockchain bubblers try to ride this hype and collects VC .  But once it comes down to realize it they all need expertise and you can ONLY get it by deep dive into bitcoin - bingo: I cannot see how a real blockchain will work w/o a token and game theory - could you?

Rest of 'blockchainer's are poor distributed database monkeys  - noSQL is older...

Because larry summer had been said about that.

I was listening to a radio program and they were talking about Blockchain technology being incorporated into Chinese banking system and they didn't talk about Bitcoin once. The reported asked about Bitcoin and they didn't even acknowledge the question. IMO they're, banks, are going to try and do an end run around Bitcoin BC they're boxed out right now.

Will they succeed or will they fail is the question?

best way to think about it.

database= layer one
relational database= layer two
blockchain relational database = layer 3
...
bitcoin =(way above) layer 10

all the bankers and investors seem to be playing around with blockchain relational database which is no where near bitcoin. but has advantages compared to their old RDBMS.(relational database)

yes hyperledger seems to be bankers big project which is a divergence of blockchain tech and yes it may include other features such as PoA(multi signed proof of authority) and other things. making it like 5-6 layers. but still not deep and diverse enough to meet bitcoins strengths.

but bankers wont use bitcoin due to their regulatory policies of handling fiat. so to be abl to use something backed by low level blockchain tech, they need to build their own to be in full control. and secure it with extra layers of other tech. because 'blockchain' alone is WEAK
block chain without any 'proof-of-__' is not exciting or secure.
blockchain without cryptography is not exciting or secure.
so ofcourse hyperledger is going to be a few layers beyond basic blockchain. just like bitcoin is many layers beyond blockchain.
but hyperledger will user different cryptographyy, different 'proof-of-___' and other different added layers of security/tech

i see it more so that the bankers of hyperledger are trojan horsing bitcoin. by financing blockstream, blockchain.info, bitcoinj, etc, classic(via Bloq) and xt(via r3). to disrupt bitcoin while all the bitcoin devs help grow hyperledger

If investors would buy Bitcoin... That means >50% of the Bitcoin's volume to be traded I bought by them. I am not that sure it'd be a good idea because the price would go down and up whenever they want and need to. Right now the volume is going to $13B, and them owning millions or billions of dollars in BTC would manipulate so easily the price!

I see bankers on their individual level using Bitcoin and making profit out of it but banks itself as an institution or a sector of the economy is not something I am seeing happening anytime soon simply because of the fact that their activities are greatly regulated by the Central Bank as it is called here which is the mouthpiece of government in that sector and until government gives the go ahead then they will be operating outside the curfew of their powers in which I am sure bank CEO's won't want to try.

So e.g. Vontobel already does ...